India  

Saving money is top priority as more than half of Americans want to focus on their financial wellness after the pandemic

Video Credit: SWNS STUDIO - Duration: 01:01s - Published
Saving money is top priority as more than half of Americans want to focus on their financial wellness after the pandemic

Saving money is top priority as more than half of Americans want to focus on their financial wellness after the pandemic

If you've taken a step back to review your finances during the pandemic, you're certainly not alone.

A new survey revealed 58% of Americans have "completely" changed how they think about money due to the pandemic and nearly as many (56%) believe their concept of financial well-being has been altered since the pandemic.

The study of 2,000 Americans explored the impact financial wellness has on their mental and physical health.

In fact, the pandemic caused 48% to increase the amount of money they believe they need in their rainy day or emergency fund.Conducted by OnePoll on behalf of Capital One, the survey found respondents added one month of emergency expenses to their savings (an average of five months pre-pandemic to six months now).

Three in 10 respondents said their top financial struggle is establishing good spending habits, so it's no wonder the top habit they want to change is spending on items they don't really need (44%).


You Might Like


Related videos from verified sources

Majority of Americans report having a snack on them at all times [Video]

Majority of Americans report having a snack on them at all times

Americans are so snack-happy that seven in 10 have a treat with them at all times, according to new research.According to a recent poll of 2,000 people, 69% admitted that they always bring some kind of..

Credit: SWNS STUDIO     Duration: 00:51Published
Men Were Less Likely To Make an Impulse Purchase but Spent More Money Than Women During the Pandemic [Video]

Men Were Less Likely To Make an Impulse Purchase but Spent More Money Than Women During the Pandemic

A new survey commissioned by Capital One and conducted by OnePoll found that while men were less likely to impulse shop, they were the ones to spend more money per impulse buy. Buzz60’s Johana..

Credit: Buzz60     Duration: 01:04Published
With more deals than ever, parents are prepared to splurge on back-to-school shopping this year [Video]

With more deals than ever, parents are prepared to splurge on back-to-school shopping this year

The study polled 2,000 American parents of school-aged children and found that projected spending on each child is up by 19% from an average of $707 last year.With spending up, it is no surprise that..

Credit: SWNS STUDIO     Duration: 00:46Published